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Dec 27, 2012
12/12
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president obama and congress return to work today with little progress seen on a deal to avoid the fiscal cliff as the government starts taking steps to buy more time before the u.s. hits the debt ceiling. the yen hits a two-year low against the dollar as the new japanese government battles to weaken currency. exports are rising, pushing the nikkei to its strongest gain in 20 years. .shares of toyota are heading higher after the u.s. settled a class action lawsuit. the $1 billion payment is already priced in. okay. welcome to "worldwide exchange." plenty of news to watch out of washington. all of this week, we thought it would be a quiet one. but i won't be inside the beltway if they want to get something done. the u.s. will hit the $16.4 trillion debt ceiling come monday. in a letter to congressional leaders, geithner says treasury will begin taking steps to save the government about $2 billion. geithner says it's harder to predict a time frame because the ongone fiscal cliff talks make it difficult to forecast next year's budget. among the measures treasury will take including suspendin
president obama and congress return to work today with little progress seen on a deal to avoid the fiscal cliff as the government starts taking steps to buy more time before the u.s. hits the debt ceiling. the yen hits a two-year low against the dollar as the new japanese government battles to weaken currency. exports are rising, pushing the nikkei to its strongest gain in 20 years. .shares of toyota are heading higher after the u.s. settled a class action lawsuit. the $1 billion payment is...
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Dec 31, 2012
12/12
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CNBC
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will congress and president obama be able to pull together a fiscal cliff deal in time? we'll let you know, when we come back. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> well, of course, it isn't just the fiscal cliff we're counting down to. it's new year's eve and we want to say happy new year to everyone who is joining us or watching the program here today. earlier, we asked have you made any resolution, trade or otherwise, for 2013. we've got a couple at least. one here from jeff who says i resolve to invest in pets and pampering. petsmart people love pets and profit from it. that's true, actually.
will congress and president obama be able to pull together a fiscal cliff deal in time? we'll let you know, when we come back. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence....
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Dec 31, 2012
12/12
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CSPAN2
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the tax cut deal, the big fights over the budget and the debt ceiling and deficit reduction, also the bin laden raid and what happened in egypt and libya. and so i'm looking at how obama made the decisions he made and took, and why he took the actions he took in that very perilous time politically, but also explain how this is all done in a way to set up the 2012 campaign that we just went through. he had a theoryf
the tax cut deal, the big fights over the budget and the debt ceiling and deficit reduction, also the bin laden raid and what happened in egypt and libya. and so i'm looking at how obama made the decisions he made and took, and why he took the actions he took in that very perilous time politically, but also explain how this is all done in a way to set up the 2012 campaign that we just went through. he had a theoryf
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Dec 25, 2012
12/12
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of the complexity of some of the things that people who are charged with these jobs have to deal with. writing it and imagining it makes me glad it's not my job just imagining how tough some of these decisions must be makes you grateful. >> the verse that we show in frost nixon "the queen" and that is how much responsibility you take with that, especially when art itself is working in metaphors. when people ask me about there is a pivot al scene in "frost nixon" which never happened. how could you show that because that is a pivotal moment in the piece. and the same with "the queen," that never happened. nixon did used to make phone calls and a part of his research would be times he was on heavy medication at time and would make phone calls at times he wouldn't remember. his staff were told if the president calls you during the middle of the night stay on the phone, he will eventually fall asleep you put down the phone and never mention it. if it was a ballet of frost nixon, is it a valuable argument to say frost never sached around nixon? it's not a documentary. so it's more about --
of the complexity of some of the things that people who are charged with these jobs have to deal with. writing it and imagining it makes me glad it's not my job just imagining how tough some of these decisions must be makes you grateful. >> the verse that we show in frost nixon "the queen" and that is how much responsibility you take with that, especially when art itself is working in metaphors. when people ask me about there is a pivot al scene in "frost nixon" which...
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Dec 28, 2012
12/12
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even if we get a deal, what does this mean? it's a minimalist quick fix. it's not a debt and deficit grant grand bargain solution which obama and boehner were talking about weeks ago and it's probably not going to involve solving the debt ceiling problem. and, of course, we all saw what happened 18 months ago over the debt ceiling. it dragged on and on. bottom line, whatever happens in the next few days, markets, corporate america and consumers in america are probably going to have to deal with continued fiscal wrangling' in washington for weeks and weeks and weeks. >> we're going to talk more about the fiscal cliff and later on in the show. just coming back to europe for a second or touching on europe -- >> even more boring. >> because i'm quite looking forward to next year and i'm looking forward to hoping that we're not going to be sitting on politicians the same way we have over the last year, two years, looking at every single line that comes out of therefore mouths. i'm hoping we're going to see march of a sense of normality coming back into the euro
even if we get a deal, what does this mean? it's a minimalist quick fix. it's not a debt and deficit grant grand bargain solution which obama and boehner were talking about weeks ago and it's probably not going to involve solving the debt ceiling problem. and, of course, we all saw what happened 18 months ago over the debt ceiling. it dragged on and on. bottom line, whatever happens in the next few days, markets, corporate america and consumers in america are probably going to have to deal with...
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Jan 1, 2013
01/13
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in this deal, they're going to let that payroll tax cut expire and that will mean that an additional $20 a week out of most workers paychecks will now go back to the social security trust fund instead of into their pockets. juror all right. thank you -- >> all right. thank you for that report. >>> one major issue is the bill does not address is the debt ceiling. monday, the u.s. reached its legal borrowing limit and now the treasury department must work to buy time until the end of next month. the department will suspend some investments and benefit funds for federal workers. still, department will not be able to pay all of the nation's bills on time. this could set stage for another capitol hill battle as congress must vote to raise the debt ceiling. >> new this morning, gay marriage ceremonies are under way in maryland. same-sex couples have been able to get marriage licenses in the free state for about three weeks but the new law didn't go into effect until the strike of midnight in the new year. dozens of same-sex weddings are scheduled for today including some at city hall in ba
in this deal, they're going to let that payroll tax cut expire and that will mean that an additional $20 a week out of most workers paychecks will now go back to the social security trust fund instead of into their pockets. juror all right. thank you -- >> all right. thank you for that report. >>> one major issue is the bill does not address is the debt ceiling. monday, the u.s. reached its legal borrowing limit and now the treasury department must work to buy time until the end...
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Dec 27, 2012
12/12
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FBC
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with just four days until the deadline can president obama and congress still pull out a deal in the nick of time? senator john hoeven of north dakota joins us to respond. >>> plus, a game-changer for the insurance industry. an auto insurer unveils new policies that charge by the mile, giving a big potential boon to drivers. can it drive the competition off the road? the ceo of metro mile is here to take the wheel. >>> and big beer companies putting beer goggles on their customers. the market for kraft beer is booming and big labels are battling to get a foothold but they may be using crafty tactics to sell you the same flat brew in different packaging. less filling tastes great. even when they say it's not it is always about money adam: before we serve you that beer let's look at the day's market headlines. stocks fell for their fourth straight session. that dour outlook on the fiscal cliff from senator harry reid sent stocks tumbling but they came off the session lows following word the house would reconvene this weekend. the dow lost 18 points. >>> jitters over the fiscal cliff se
with just four days until the deadline can president obama and congress still pull out a deal in the nick of time? senator john hoeven of north dakota joins us to respond. >>> plus, a game-changer for the insurance industry. an auto insurer unveils new policies that charge by the mile, giving a big potential boon to drivers. can it drive the competition off the road? the ceo of metro mile is here to take the wheel. >>> and big beer companies putting beer goggles on their...
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Dec 31, 2012
12/12
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of the country that does not support the way that obama would like to deal with this problem. stuart: look how it's been presented in the establishment media. president obama cutting short his holiday vacation, returning to washington trying to fix the fiscal mess. thank you very much, mr. president. mr. boehner, speaker boehner, oh, he finally gets the house back in session on sunday night. and then we have some democrats saying, why don't these republicans quit defending their millionaire pals. the way it's presented in the establishment media is highly pejorative against republicans and yet, republicans, as we heard from the rasmussen poll, they're not getting all of the blame. it's 44-36 that's where it is, again, that surprises me. >> those headlines are great. the next time i'm on deadline and i have a story to write. because i've left it to the last minute and i have to cancel a movie i think i'm going to, you know, complain about it and say, oh, finally, i'm getting back into the work session here. no, i mean, it's ridiculous. now, the republicans, i think, are doing o
of the country that does not support the way that obama would like to deal with this problem. stuart: look how it's been presented in the establishment media. president obama cutting short his holiday vacation, returning to washington trying to fix the fiscal mess. thank you very much, mr. president. mr. boehner, speaker boehner, oh, he finally gets the house back in session on sunday night. and then we have some democrats saying, why don't these republicans quit defending their millionaire...
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Dec 31, 2012
12/12
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we will hear from president obama and about 50 minutes. well, the irs is saying that it intends to issue guidance by the end of the day on appropriate tax withholdings for the new year. in the meantime, businesses at a standstill waiting until the fiscal cliff of washington. standing by right now in illinois with more. >> reporter: i am with a room of people who are on pins and needles as we speak. if you think you're sitting at home worried about what is happening, these people in this room are very worried about it. the president and ceo of a short payroll process payrolls for about 40,000 small businesses all across the country. people right now are freaking out would be a strong term, but somewhere in there. >> certainly concerned about what the taxes will be like in the future and for small business owners what it means to the business. >> reporter: to process these checks for about 280,000 paychecks to pay. you worry for whatever happens here? if we get the president out here in 45 minutes and week have a deal, how quickly can you re
we will hear from president obama and about 50 minutes. well, the irs is saying that it intends to issue guidance by the end of the day on appropriate tax withholdings for the new year. in the meantime, businesses at a standstill waiting until the fiscal cliff of washington. standing by right now in illinois with more. >> reporter: i am with a room of people who are on pins and needles as we speak. if you think you're sitting at home worried about what is happening, these people in this...
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Dec 31, 2012
12/12
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on wall street today, investors bought up stocks on high hopes of deal, after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how e major averagesr closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington still has a few hours to go before its new year's day fiscal cliff deadline. darren gersh has the latest. >> reporter: after a weekend of late-night negotiations with the vice presidt, senate republican leader mitch mcconnell said an agreement on the fiscal cliff was very, very close. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place in about 10 hours. >> reporter: the deal would raise the top tax rate for individuals making more than $400,000 and couples with more than $450,000 in income. itemized deductions would be limited for individuals making more than $250,0
on wall street today, investors bought up stocks on high hopes of deal, after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how e major averagesr closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington still has a few hours to go before its new year's day fiscal...
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on wall street today, investors bought up stocks on high hopes of deal after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how the major averages closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington still has a few hours to go before its new year's day fiscal cliff deadline. darren gersh has the latest. >> reporter: after a weekend of late-night negotiations with the vice president, senate republican leader mitch mcconnell said an agreement on the fiscal cliff was very, very close. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place in about 10 hours. >> reporter: the deal would raise the top tax rate for individuals making more than $400,000 and couples with more than $450,000 in income. itemized deductions would be limited for individuals making more than $25
on wall street today, investors bought up stocks on high hopes of deal after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how the major averages closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington still has a few hours to go before its new year's day fiscal...
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Jan 1, 2013
01/13
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the accusation was always made that all this stuff was an attempt to discredit liberalism and the new deal and we now have in our own time we heard it said not since obama was in office, dissidence is the highest form of patriotism. i don't buy that. i don't buy it at all. of course the democrats no longer say that. i hardly dared tell you where i would draw the line. federal marshals will materialize out of the walls, and lock me up immediately. i was delicately suggesting that even whitaker chambers, who was a great man and "witness" is a great book, but whitaker chambers fell into the misguided view of america that was prevalent, not so prevalent but always existed on the right. understanding of the precious value and virtues of the society, even now. and denigrating it which is quite consistently, and he saw a lot in common between chambers and canon, i have been rereading "witness" and i said to my wife last night chambers has a lot in common with george kennedy. when i said this, they were deeply patriotic. i said no they weren't. i don't think they were traitors or anybody, and the
the accusation was always made that all this stuff was an attempt to discredit liberalism and the new deal and we now have in our own time we heard it said not since obama was in office, dissidence is the highest form of patriotism. i don't buy that. i don't buy it at all. of course the democrats no longer say that. i hardly dared tell you where i would draw the line. federal marshals will materialize out of the walls, and lock me up immediately. i was delicately suggesting that even whitaker...
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Dec 27, 2012
12/12
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CNNW
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president obama, he cut his christmas vacation short to deal with this crisis. he arrived back from hawaii just a short time ago, and the senate also returning to work today hoping to come up with some kind of agreement. but time is running out. jessica yellin, she has the latest from the white house. we've got dana bash following the developments on capitol hill. i want to start off with you, dana. what do we know about a possible compromise on the senate siepd what they might be proposed in fairly short order? >> compromise, i'm not so sure we'll see that. but i was told by a republican senator and democratic senator that the pr indicated before he left for hawaii that he, the president, is expected to send a piece of legislation up today with his scaled back tax plan. that's something that the president outlined in general terms on the friday before he left for hawaii and since then what we've been hearing from republicans, particularly mitch mcconnell's office is we can't talk about whether we can pass anything until we actually see the legislation. so our u
president obama, he cut his christmas vacation short to deal with this crisis. he arrived back from hawaii just a short time ago, and the senate also returning to work today hoping to come up with some kind of agreement. but time is running out. jessica yellin, she has the latest from the white house. we've got dana bash following the developments on capitol hill. i want to start off with you, dana. what do we know about a possible compromise on the senate siepd what they might be proposed in...
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i'm going to deal with obama i can't think of anybody because in america you know we have we have the a leg ocean and once the pacific ocean and the other side of mexico and canada we're so isolated you know it's not like paris where you know within fifteen hundred miles you get twenty three different countries and we're so isolated in america it was obama who took us through and held our hand and in the sandy hook i mean hurricane sandy and in newtown the president actually he actually brought us through that he held her hand and dragged us through and said it's going to be ok. and it was but what about social protests to mean we had the occupy movement ok do you see something like this you know coming back i mean because you kind of you went to alone this year. yeah they have vanished haven't yet which is really interesting in itself i think the point was made in you know in many ways including during the american presidential debate you know is it the forty seven percent or is it the the one percent it was interesting and i think the point was really made but at the end of the day
i'm going to deal with obama i can't think of anybody because in america you know we have we have the a leg ocean and once the pacific ocean and the other side of mexico and canada we're so isolated you know it's not like paris where you know within fifteen hundred miles you get twenty three different countries and we're so isolated in america it was obama who took us through and held our hand and in the sandy hook i mean hurricane sandy and in newtown the president actually he actually brought...
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Dec 31, 2012
12/12
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LINKTV
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>> barack obama calls for compromise as the u.s. approaches the brink of another economic crisis. in a rare appearance on a u.s. talk show he appealed to congress to make a deal to avoid tipping the country into recession. you're watching al-jazeera live from london. also coming up, 21 policemen are buried in pakistan after being kidnap and shot by the taliban. anger and grief in india. candlelit vigils continue as the 22-year-old gang rape victim is cremated. plus moments of impact -- amateur video captures a russian plane after it overshoots a runway and crashes into a motorway. hello, president obama has made another appeal to the u.s. congress to reach an agreement in the next 48 hours to avoid the so-called fiscal cliff. it's a term used to describe the expiry of tax cuts dating back to 2001. if there is no deal, 88% of americans will end up paying $400 billion more in 2014. that will be coupled with more than a trillion dollars in automatic government spending cuts. according to the congressional budget office it will start with $200 billion in military and social welfare cu
>> barack obama calls for compromise as the u.s. approaches the brink of another economic crisis. in a rare appearance on a u.s. talk show he appealed to congress to make a deal to avoid tipping the country into recession. you're watching al-jazeera live from london. also coming up, 21 policemen are buried in pakistan after being kidnap and shot by the taliban. anger and grief in india. candlelit vigils continue as the 22-year-old gang rape victim is cremated. plus moments of impact --...
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Dec 31, 2012
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care deal. and the ryan budget deferred all of the cuts in social security and medicare way out in the future. >> well, first of all, you're talking about social security and medicare, and the ryan budget was silent on social security. actually thought we should have talked about it. those things are always in the future. you start adjusting eligibility rates over time. >> what are the ten-year entitlement savings right now? >> well, frankly, honestly, if you did lower the age, number one, that would start right at the very end of that window. secondly, you can do -- we want means testing. we've never made any bones about that. that hits mostly upper income people. but we haven't seen it and we haven't been able to get it through. the cpi thing is another one. there's a whole variety of things you can do. they've got to be done in a bipartisan way. they've got to protect current recipients and be phased in. >> do you think that republicans -- entitlement -- >> in fact if you look at the letter s
care deal. and the ryan budget deferred all of the cuts in social security and medicare way out in the future. >> well, first of all, you're talking about social security and medicare, and the ryan budget was silent on social security. actually thought we should have talked about it. those things are always in the future. you start adjusting eligibility rates over time. >> what are the ten-year entitlement savings right now? >> well, frankly, honestly, if you did lower the...
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Dec 28, 2012
12/12
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a deal. we think to the budget and debt ceiling debacle. neither john boehner and to some degree mitch mcconnell have the ability to go back to their caucuses and get them to rally behind a deal they make. has that changed or does this change as we get closer to the deadline? >> i think it will change closer to the deadline. it will require the leaders to talk to their caucuses and talk to these individual members of the senate and the house of representatives and understanding and underscoring the peril we place in the country at this moment in time and that we have to resolve these issues. american people should not count on a stalemate. we're here to do our jobs in washington and we're seeing this failure demonstrated time and again because of ideological and political and philosophical stubbornness. what about the entire country? what about the good of the country? that's what's at stake for america, and i think that members of congress individually and collectively are responsible and th
a deal. we think to the budget and debt ceiling debacle. neither john boehner and to some degree mitch mcconnell have the ability to go back to their caucuses and get them to rally behind a deal they make. has that changed or does this change as we get closer to the deadline? >> i think it will change closer to the deadline. it will require the leaders to talk to their caucuses and talk to these individual members of the senate and the house of representatives and understanding and...
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Dec 29, 2012
12/12
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KQED
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president obama says he's "modestly optimistic" a fiscal deal can be reached in time. he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a whit
president obama says he's "modestly optimistic" a fiscal deal can be reached in time. he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a whit
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Dec 31, 2012
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. >> president obama said a deal is in sight and appeared at a campaign style event to remind everyone he is winning and g.o.p. is not. >> last month, republicans in congress said they would never agree to raise tax rates on the wealthiest americans. the agreement currently discussed would raise those rates, raise them permanently. >> republicans suggest the event may backfire to accuse the republican of rubbing their nose in defeat. >> the president won. we know that. he won fair and square. isn't it now time to govern? >> the president was out of line with his comments at 1:30 afternoon. this is a delegate time. i think the democrats would be embased after what the president did. >> after months of the president promising a balanced approach there are only tax hikes for rich without new spending cuts. today he hinted at more tax hikes ahead. warning republicans that the future deficit reduction will not come from cuts alone. >> if they think that is the formula for how we solve this thing, they have another thing coming. that is not how it will work. >> republicans fire back it's tim
. >> president obama said a deal is in sight and appeared at a campaign style event to remind everyone he is winning and g.o.p. is not. >> last month, republicans in congress said they would never agree to raise tax rates on the wealthiest americans. the agreement currently discussed would raise those rates, raise them permanently. >> republicans suggest the event may backfire to accuse the republican of rubbing their nose in defeat. >> the president won. we know that....
WHUT (Howard University Television)
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Dec 28, 2012
12/12
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WHUT
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. >> now, president obama's been calling together key congressional leaders to come up with a deal to avoid a budget crisis at the good old fiscal cliff and tell us how they're going to get out of this, or not. >> i wouldn't be sitting here if i knew. i think there are a great deal of overlapping of what is required. the prb is it's not enough overlap. this fiscal cliff was last in august of 2011. it has to do with the debt ceiling. it so happens the debt ceiling will be reached on december 31, or will it? because it appears the treasury said we found a bit of extra money so maybe we can keep things going a bit longer. and it won't cause the crisis immediately, and if these tax rises and spending cuts came into effect, they could be repeeled during january. but if they weren't, the momentum that has been very painstaking pumped into the economy could be devastating. >> this morning you see stock markets in asia and europe up a bit. i think their expectation that washington will come to an agreement, i think that might be too early. i think this is still a very clear possibility that t
. >> now, president obama's been calling together key congressional leaders to come up with a deal to avoid a budget crisis at the good old fiscal cliff and tell us how they're going to get out of this, or not. >> i wouldn't be sitting here if i knew. i think there are a great deal of overlapping of what is required. the prb is it's not enough overlap. this fiscal cliff was last in august of 2011. it has to do with the debt ceiling. it so happens the debt ceiling will be reached on...
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hosting another last minute meeting for weeks republicans and democrats have been trying to reach a deal on how to reduce the deficit if they don't though billions of dollars in tax hikes come into effect on january the first a journalist on the bar says it's not the deadlock that's the worry but rather what's already been agreed upon. the real problem in my eyes is not the fact that they can't reach an agreement but rather that they have reached an agreement on many fundamental things the grievance they have reached is that neither of them are going to advocate so put more money in the hands of working people they have no problem whatsoever removing a trillion dollars or two trillion dollars from the economy and delivering it to the bankers they did that inside of twenty days back in two thousand and eight and again in two thousand and nine was very little discussion. everyone agrees on both sides of the aisle that sums sort of the reduction in benefits from social security and medicare is inevitable quote unquote well you know the rest of us don't believe that it's inevitable or even t
hosting another last minute meeting for weeks republicans and democrats have been trying to reach a deal on how to reduce the deficit if they don't though billions of dollars in tax hikes come into effect on january the first a journalist on the bar says it's not the deadlock that's the worry but rather what's already been agreed upon. the real problem in my eyes is not the fact that they can't reach an agreement but rather that they have reached an agreement on many fundamental things the...
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is sliding ever closer to what has become known as the fiscal cliff with barack obama hosting another last minute emergency meeting on today for weeks the republicans and democrats have been trying to reach a deal on how to reduce the national deficit if they don't billions of dollars in tax hikes and spending cuts automatically come into effect on january the first activist and journalist says it's not the deadlock that bothers him but what has already been agreed upon. the real problem in my eyes is not the fact that they can't reach an agreement but rather that they have reached an agreement on many fundamental things the grievance they have reached is that neither of them are going to advocate to put more money in the hands of working people they have no problem whatsoever removing a trillion dollars or two trillion dollars from the economy and delivering it to the bankers they did that inside of twenty days back in two thousand and eight and again in two thousand and nine with very little discussion. everyone agrees on both sides of the aisle that sums sort of reduction in benefi
is sliding ever closer to what has become known as the fiscal cliff with barack obama hosting another last minute emergency meeting on today for weeks the republicans and democrats have been trying to reach a deal on how to reduce the national deficit if they don't billions of dollars in tax hikes and spending cuts automatically come into effect on january the first activist and journalist says it's not the deadlock that bothers him but what has already been agreed upon. the real problem in my...
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Dec 26, 2012
12/12
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that said there's a great deal to be done. president obama's request for disaster assistance seeks $60.4 billion for recovery and mitigation. department of transportation shared request,$.7 billion and of that $11.7 billion the majority portion directly support the effort to repair and replace the effect of public transit infrastructure and make it more resilience. these funds would be administered through the new public transportation emergency relief program and i want to thank you for your leadership in establishing this program just a few months ago. the administration requested in its budget, you may recall i testified on its behalf before the committee in may of 2011. we are grateful to the senate appropriations committee for responding to the president's request for aid under this program. the support of both committees was timely as the new emergency relief program strengthens the authority to provide financial disaster assistance to transit agencies in times of greatest need and to better coordinate with partners of f
that said there's a great deal to be done. president obama's request for disaster assistance seeks $60.4 billion for recovery and mitigation. department of transportation shared request,$.7 billion and of that $11.7 billion the majority portion directly support the effort to repair and replace the effect of public transit infrastructure and make it more resilience. these funds would be administered through the new public transportation emergency relief program and i want to thank you for your...
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Dec 30, 2012
12/12
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CNNW
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we're dealing with tens of trillions of dollars in unfunded liabilities, in four years obama has done nothing on entitlement reform. nothing for four years. what has he done? chirped about raising taxes on rich people. raising taxes on rich people is what obama talks about instead of doing his job. there are two costs to this. one, if you take money out of savings and investment, which is what you're doing with this, it doesn't help, it reduces the incentives to save, invest and work and the other thing you do is you never get to reform government entitlements. >> that's not causal. >> it is, absolutely. >> that's not really. >> you live in new york i live in d.c., washington, this is all causal. the reason he's talking about tax increases is to avoid the conversation and dealing with spending restraints. that's why obama does what he does. >> the reason i doubt that, grover, is because we've all done the math and we all absolutely agree on the math that you can't get out of the deficit hole we're in by taxing rich people even if you tax them at 100%. everybody know knows that. so whe
we're dealing with tens of trillions of dollars in unfunded liabilities, in four years obama has done nothing on entitlement reform. nothing for four years. what has he done? chirped about raising taxes on rich people. raising taxes on rich people is what obama talks about instead of doing his job. there are two costs to this. one, if you take money out of savings and investment, which is what you're doing with this, it doesn't help, it reduces the incentives to save, invest and work and the...
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with painful austerity extreme weather had itself felt and obama reelected and there was no shortage of conflicts tragedies and misery around the world. to cross talk two thousand and twelve as it was i'm joined by john glaser in washington he's an assistant editor and blogger for antiwar dot com and so.
with painful austerity extreme weather had itself felt and obama reelected and there was no shortage of conflicts tragedies and misery around the world. to cross talk two thousand and twelve as it was i'm joined by john glaser in washington he's an assistant editor and blogger for antiwar dot com and so.
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with painful austerity extreme weather headed self-help and obama reelected and there was no shortage of conflicts tragedies and misery around the world. to cross talk two thousand and twelve as it was i'm joined by john glaser in washington he's an assistant editor and blogger for antiwar dot com in san francisco we have will durst he is a political comic and syndicated columnist and in paris we cross the analysts a bit more he's a journalist and political commentator on cross talk rules in effect if you want to do this for this episode here. analysts say if i go to you first in paris if there is a hierarchy of events or ideas of the year that's about to end what would they be for you. well it's got to be the presidential election for us because that was really sort of the great thing marking the. political yeah and the fact that because you were sent home by the voters so i would say that's the biggest thing this year john how about you but because i was going to say to you do you think two thousand and twelve droned along. it did go along for a lot of unfortunate people in pakistan
with painful austerity extreme weather headed self-help and obama reelected and there was no shortage of conflicts tragedies and misery around the world. to cross talk two thousand and twelve as it was i'm joined by john glaser in washington he's an assistant editor and blogger for antiwar dot com in san francisco we have will durst he is a political comic and syndicated columnist and in paris we cross the analysts a bit more he's a journalist and political commentator on cross talk rules in...
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Dec 27, 2012
12/12
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FBC
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if we go over the cliff will it be a couple weeks before they reach a deal? will they be able to mate it retroactive? will they go a few more weeks? president obama feeling strong hand he can browbeat the republicans and make them crawling back is what i think he can do right now? it in terms of the revenue even if he got his way it is five cents on the dollar. david: we'll talk about that in a second. i want to squeeze you on this there are a lot of economists who say yes, if all taxes go up no doubt we'll go into recession. >> right. david: there will be less spending. producers have less money to hire people. everybody will keep all their money in their pockets. >> short term you overlook the damage done to the military about the so-called sequestration, that reduction in overall spending will have a little bit of good impact. but there is no question, we're following the path europe followed, japan followed, raising taxes in the face of wobbly economy. we haven't done anything like this on scale since early 1930's. david: even the president admitted not t
if we go over the cliff will it be a couple weeks before they reach a deal? will they be able to mate it retroactive? will they go a few more weeks? president obama feeling strong hand he can browbeat the republicans and make them crawling back is what i think he can do right now? it in terms of the revenue even if he got his way it is five cents on the dollar. david: we'll talk about that in a second. i want to squeeze you on this there are a lot of economists who say yes, if all taxes go up...
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Dec 28, 2012
12/12
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president barack obama has broken off his christmas vacation to resume talks on the so-called fiscal cliff, taxes and spending cuts unless democrats and republicans reach a deal by new year's eve. >> nearly all the major players in those negotiations are starting to agree on one thing, and that is that a deal is virtually impossible by that deadline. senior officials say there is little hope of a grand bargain to shave trillions of dollars off of america's mountain of debt. >> applause for the bell at the start of the trading day is a daily ritual at the new york stock exchange, despite the enthusiasm, traders are keeping an anxious eye on share prices. the fiscal cliff is on everyone's mind. u.s. treasury secretary timothy geithner has warned that his department will need to take extraordinary measures to postpone the upcoming government defaults. he plans adjustments to the national budget that would give the u.s. two months of grace. president barack obama has said he is still hopeful that a resolution can be reached this year. he cut short his vacation in hawaii to restart negoti
president barack obama has broken off his christmas vacation to resume talks on the so-called fiscal cliff, taxes and spending cuts unless democrats and republicans reach a deal by new year's eve. >> nearly all the major players in those negotiations are starting to agree on one thing, and that is that a deal is virtually impossible by that deadline. senior officials say there is little hope of a grand bargain to shave trillions of dollars off of america's mountain of debt. >>...
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has cut short his holidays to try and strike a deal to cap america's spending with a divided congress yet to reach a deal that's now i talked to came. from the international action center which coordinates activism and information for post a message in international justice thanks for joining us well tell us what is the fiscal cliff and just how serious could it be. well the fiscal cliff refers to a disastrous economic results that will take place if u.s. budget laws are not changed they are sat so there's something called a debt ceiling so there's so much money so so much money is spent then all of a sudden there's a huge reduction in government spending and this is really staged by the bankers and the corporations because as capitalism is collapsing internationally they are they're setting up and they're trying to get people used to the idea that they have to accept cuts and all the services they depend on and so this is a staged crisis in order to force the people to pay for a process that the banks created or it's not the first time they say that democrats and republicans have squ
has cut short his holidays to try and strike a deal to cap america's spending with a divided congress yet to reach a deal that's now i talked to came. from the international action center which coordinates activism and information for post a message in international justice thanks for joining us well tell us what is the fiscal cliff and just how serious could it be. well the fiscal cliff refers to a disastrous economic results that will take place if u.s. budget laws are not changed they are...
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but across the country people remained out of work and are still out of work so this time president obama ran under the banner it could have been so much worse as you imagine it was not a better deal or a national euphoria it was more like you have no choice but to choose me kind of something that shocked me. i was covering the election here it was it was the second debate between obama and romney i'm sure you remember if you remember that i just presidential nominee from the green party joel stein was arrested right outside the venue where the debate was taking place she was protesting for exclusion from the state and nobody like no news channel period mentioned her arrest none and i was switching channels for hours to see if anything was said about that and it was nothing i can imagine what the reaction would be here in the states if a presidential candidate is the other big country was arrested in the media there wouldn't be even mention it but apparently it happens in the u.s. no big deal presidential candidates get arrested all the time right well there was some irony in that yes any
but across the country people remained out of work and are still out of work so this time president obama ran under the banner it could have been so much worse as you imagine it was not a better deal or a national euphoria it was more like you have no choice but to choose me kind of something that shocked me. i was covering the election here it was it was the second debate between obama and romney i'm sure you remember if you remember that i just presidential nominee from the green party joel...
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Dec 28, 2012
12/12
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. >>> a final meeting between president obama and congressional leaders to hammer out a last-minute deal towards the so called -- to avoid the so-called fiscal cliff has finished. john boehner was at the white house today trying to reach an agreement to avoid hundreds of billions of dollars of tax increases and spending cuts. no statement is expected anytime soon. we go live now to washington to war correspondent, ben. >> all of the participants at this meeting left without a word. i don't think we will hear from them the rest of the day. there is a great deal at stake and very little time left. it has been reported that president obama presented a plan to increase taxes on income over a quarter million dollars per year, as part of the deficit reduction plan to deal with american debt. he would probably say to the congressional leaders that need to figure out a way to get it through, but i think the expectations in washington of a deal are low with only three, four days left until the new year and the media tax hikes and spending cuts taking and -- kicking in. >> that means perhaps headi
. >>> a final meeting between president obama and congressional leaders to hammer out a last-minute deal towards the so called -- to avoid the so-called fiscal cliff has finished. john boehner was at the white house today trying to reach an agreement to avoid hundreds of billions of dollars of tax increases and spending cuts. no statement is expected anytime soon. we go live now to washington to war correspondent, ben. >> all of the participants at this meeting left without a...
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Dec 31, 2012
12/12
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CNBC
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president obama earlier on today saying it does appear a deal on the fiscal cliff is nearing. it is within sight. obviously a bit of work still to be done here. even mitch mcconnell says we are very, very close. so the markets have moved up on that hope we will get a done deal and avert the fiscal cliff. >>> positioning portfolios for the new year, i can majs is tricky right now. there's a lot of mess going on in d.c. we're going to help. we're going to give you the single best play for 2013. >>> and also next, two congressman, one democrat one republican. they're going to talk to us about the fiscal cliff. are they happy or sad? and can they rise above to get a deal done? "closing bell" will be back after this break. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with sch
president obama earlier on today saying it does appear a deal on the fiscal cliff is nearing. it is within sight. obviously a bit of work still to be done here. even mitch mcconnell says we are very, very close. so the markets have moved up on that hope we will get a done deal and avert the fiscal cliff. >>> positioning portfolios for the new year, i can majs is tricky right now. there's a lot of mess going on in d.c. we're going to help. we're going to give you the single best play...
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Dec 26, 2012
12/12
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president obama and lawmaker will return to washington in hopes of inking a last-minute deal.
president obama and lawmaker will return to washington in hopes of inking a last-minute deal.
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Dec 30, 2012
12/12
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FOXNEWSW
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republican senator lindsay graham expressing optimism on deal and president obama is calling out lawmakers for rejecting offers for last month. >> what do you think the chances of a small deal in the less 48 hours to avoid the cliff? >> exceedingly good. i think what have we accomplished, a political vick for the president. the president has stood his ground. he is going to get tax rate increases but upper income americans and sad news for the country we have accomplished very little of not becoming greece. this won't affect the debt situation. it will be a political victory for the president and i hope we'll have the courage of our convictions when it comes time to raise the debt ceiling to fight for what we believe in. but hats off to the president. >> we have been talking to the republicans since the election has been over. they have had trouble to say yes to a number of repeated offers. >> so what kind of deal if any can we expect before the clock runs out? joining us for a fair balanced debate, tony is here, national political correspondent for talk radio news service and fox news con
republican senator lindsay graham expressing optimism on deal and president obama is calling out lawmakers for rejecting offers for last month. >> what do you think the chances of a small deal in the less 48 hours to avoid the cliff? >> exceedingly good. i think what have we accomplished, a political vick for the president. the president has stood his ground. he is going to get tax rate increases but upper income americans and sad news for the country we have accomplished very...
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Dec 31, 2012
12/12
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if the deal we're hearing about makes it out of the senate, will the house pass it? >> let's ask congressman john yarmuth. i want to ask you point blank. do you think president obama purposely slowed things down today? >> no, i don't think so at all. what i think he was trying to do was probably to try to send a signal to the democratic base that this didn't resolve the crisis that things were still in flux. that the spending portion of this dilemma, so-called sequester, is really critical to democrats. because democrats have compromised, given up an awful lot on spending programs that are important to us. if you do away with the sequester, you see what the alternative is. last week it was plan "b." it added money for defense. slashed money for education and food stamps and nutrition programs and medicaid. that is something that's great concern to democrats. >> what are they giving up on spending? >> what are we giving up on spending? well, actually, there's a $1.2 trillion on the table right now under our democrats who say let it go. let the across the board cuts ta
if the deal we're hearing about makes it out of the senate, will the house pass it? >> let's ask congressman john yarmuth. i want to ask you point blank. do you think president obama purposely slowed things down today? >> no, i don't think so at all. what i think he was trying to do was probably to try to send a signal to the democratic base that this didn't resolve the crisis that things were still in flux. that the spending portion of this dilemma, so-called sequester, is really...
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Dec 26, 2012
12/12
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you have obama coming back from his vacation to deal with the fiscal cliff. we have low volume situation which moves a little bit more exaggerated. i'm not putting a lot of stock into this move. i think it's a little overdone. >> jim, good to see you for a second time today. you're looking at the chart of crude. technically speaking how important is the move in your view? >> well, this is funny. you started out the conversation with saying how significant is the move? that's what i've been dealing with all day. you look at the chart. we've been in a pretty well defined trend channel for a month or so. right now we've come to the top of it. the market is telling us the news out of the middle east and the news on the fiscal cliff is a pretty big deal. now it's decision time. is it big enough to take it above 91.25 and settle there? if it can't do that, it will be considered a failure. i want to be short oil and i think 8620 would be the downside. >> on the up side we're watching 9125. now you know what our guys are doing. are you buying or selling crude surge t
you have obama coming back from his vacation to deal with the fiscal cliff. we have low volume situation which moves a little bit more exaggerated. i'm not putting a lot of stock into this move. i think it's a little overdone. >> jim, good to see you for a second time today. you're looking at the chart of crude. technically speaking how important is the move in your view? >> well, this is funny. you started out the conversation with saying how significant is the move? that's what...
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Dec 31, 2012
12/12
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we deal with a contemporary -- there is a lot of interest in obama but sometimes the idea is that we have to pull back and see the forest. >> but obviously there are people on the right and people say they support obama or don't like obama that would disagree and say that he's apologizing for america and he is pulling out before our allies can stand on the verdone and they say we shouldn't really send troops in to afghanistan in the first place. >> petraeus ann gates and clinton, she had a tough group are not him but it was his own doing. "the new york times" called his economic adviser the constellation of the reubenites, and they were. they were larry summers and these were wall street people that were brought into the policies or not depriving it of a foreign policy team robert gates has been up to his eyeballs in things the country has done for decades. >> this was promised to the campaign 2008 that he pulls us out of iraq so in some ways he is just following through on his promise. >> he has supported him strongly and if they do they were not taken seriously enough and then it w
we deal with a contemporary -- there is a lot of interest in obama but sometimes the idea is that we have to pull back and see the forest. >> but obviously there are people on the right and people say they support obama or don't like obama that would disagree and say that he's apologizing for america and he is pulling out before our allies can stand on the verdone and they say we shouldn't really send troops in to afghanistan in the first place. >> petraeus ann gates and clinton,...